Markets are liquid. Liquids, by definition, move.
Some of them have moved tremendously well.
These liquids got so strong that they are now considered to be gasses.
Unfortunately for them, gasses are not very dense. They are light and weak.
Apple is the prime example of this important paradigm change.
Until ~2005 Apple tried to strengthen and it magnificently...
Since our last analysis of Monster, we've observed a significant rise to just over $60. However, we now believe that Wave B has concluded. There's a scenario where we could climb higher, but we don't subscribe to that view. We suspect a double top formation near the $60.50 mark, corresponding to the Wave I cycle, and anticipate a five-wave downward structure...
NASDAQ:MNST is a bullish looking chart. Look at the moving averages. in a parallel uptrend. A little over extended. The 20 week and 50 week moving averages are buying opportunity.
MNST is approaching an upper trend line with this recent burst of energy (lol)
A breakout from a rising wedge or you could call and ascending triangle occurred.
I think the run has some movement left.
It's possible price goes back below the 100$ BO level but I'm nonetheless trying a small position here with a small stop at 99$.
I'll add on a move above 104.5$.
Inverse head and shoulder clearly visible from the weekly chart.
Formation started in april/may 2021 --> big base, big breakout.
Showing strenght during weak day.
Above 10 & 30 EMA Weekly, in stage 2 (Stan Weinstein) since middle of october.
PEG on earnings (04/11)
Entered $105 jan calls @$99
Using AVWP of PEG as stop loss ($98)
good luck
Looking at the chart we can see a bullish divergence pattern.
The price is going down while the RSI shows the opposite direction.
We expect for the price to go up and hit the targets.
The details are shown on the chart.
Goodluck
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Fundamental Indicators:
Sector – Consumer Defensive
US Business Cycle Stage – late cycle, when this sector is favourable
Revenue – consistent growth for the past 10 years, 13% average annual growth rate for the past 5 years
Profits – dropping since 2020
Net margin – highly effective company...
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I have tried my best to bring the best possible outcome in this chart, Do not consider it...
MNST has broken out of a large ascending channel on the Weekly timeframe
Recently price has found support on the upper band of this channel
This is good and can lead to further upsides for price
Buy: 0.088 - 0.092
Stop Loss: 4 Hour close below trendline (look at the lower time frames)
BTC has stabilized so this is a high confidence trade for me
Monster is a drink many people depend on. I've seen many coworkers throughout my time working using this product. I know there are other competition in the market and that energy drinks overall aren't the healthiest in my eyes. However, due to TA, I can't see why we couldn't squeeze out some of this potential retracement of the previous high. We are far away from...
